Silver Coins

FEATURED ARTICLES ABOUT SILVER COINS - PAGE 2

NEW DELHI: Gold prices recovered by Rs 95 to Rs 27,285 per 10 grams at the bullion market today on emergence of buying by jewellers to meet wedding season demand amid a firm global trend. Silver followed suit and rebounded by Rs 200 to Rs 37,400 per kg on increased offtake by industrial units and coin makers. Bullion traders said apart from fresh buying by jewellers, a firming global trend mainly supported the upside in the precious metals. Globally, gold in Singapore rose 0.4 per cent to $1,217.78 an ounce after minutes from the Federal Reserve's January meeting signalled many officials were inclined to keep interest rates near record lows for longer.

NEW DELHI: Gold prices declined on the bullion market on Monday on reduced offtake against fresh stocks arrival and closed with moderate losses. Marketmen said trading activity was thin and prices were little down on reduced offtake in the face of fresh supply. They said there was restricted trading also because of tight money market position. Standard gold and ornaments reduced by Rs.5 each at Rs.5490 and Rs.5340 per ten gram respectively. Sovereign remained unchanged at Rs.4450 per piece of eight gram.

NEW DELHI: Silver prices eased on the bullion market today on lack of buying support from stockists and industrial units and closed with moderate losses. However, gold, sovereign and silver coins were continued to be asked at previous level in limited deals. Marketmen said restricted buying due to off festival season and absence of demand from industrial units pulled down the prices. They said there was no support from overseas markets where prices remained unchanged as players were apparently waiting for further directions from the currency market.

NEW DELHI: In an otherwise steady bullion market on Saturday, silver fell sharply on stockists' selling amidst restricted buying and recorded further heavy losses. On the other hand, standard gold, ornaments, sovereign and silver coins were traded at their previous levels, depicting a steady trend. Marketmen said there was restricted trading in silver due to drying-up of demand from silver coins manufacturers after the festival season came to an end. They said a falling trend in overseas markets also influenced the trading sentiment to some extent.

NEW DELHI: Gold and silver prices climbed in the national capital today on frantic buying by stockists and jewellery fabricators for the approaching Diwali festival amid firm global cues. Gold prices gained Rs 170 to Rs 32,570 per ten gram, while silver spurted Rs 450 to Rs 49,900 per kg on increased offtake by jewellers and industrial units. Bullion merchant said frantic buying by stockists and jewellery fabricators to meet upcoming festivals like Dhanteras and Diwali mainly led to rise in precious metal.

KOCHI: MMTC Limited, a Central PSU , has drawn up ambitious plans to sell gold coins and has offered special discount at 0.5 per cent on gold coins in the denominations upto 50 grams during coming festival season. MMTC has also been offering special discount at four per cent on Silver Coins/Bars of 999 purity in the denominations ranging from 10 grams to 1,000 grams, a press release said. The special discounts would be valid from July 21 to Aug 10, 2012.

LONDON: The Islamic State (IS) terrorist organisation plans to introduce its own currency and bring back solid gold and silver coins, according to media reports. This is believed to be part of the IS's efforts to gain legitimacy and solidify its dominance. The militants want to bring back the original dinar, which is a currency from the ancient Islamic era, and religious authorities in Iraq have apparently announced the currency's return in mosques, the Daily Mail reported Monday.

People on the Polynesian island of Niue obviously love taking the mickey; and they evidently have gained a rather eclectic knowledge of the English language thanks to their connection with the erstwhile British Empire. Why else would they pun on the world's most famous cartoon mouse by putting his face on solid gold and silver coins that are worth far more than their 'face value'? If traditionally fistfuls of socalled Mickey Mouse money have fetched nothing more substantial than a matchbox, Niue is making a (profitable)

NEW DELHI: Gold prices fell by Rs 95 to Rs 28,315 per ten gram in the bullion market today on reduced offtake by retailers and jewellers at prevailing higher levels amid a weakening overseas trend. Similarly, silver dropped by Rs 600 to Rs 56,500 per kg on reduced offtake by industrial units and silver coins manufacturers after the festival season came to a close. Trading sentiment turned bearish as retail customers shied away from purchasing at existing costly levels besides a weakening trend in overseas markets last evening.

GANDHINAGAR: To help realise the dream of constructing the "Statue of Unity", a US-based medical practitioner of Indian origin has started a fund raising campaign aiming to collect USD 250,000 for the project devoted to Sardar Patel. Chicago-based Indrajit J Patel , the man behind this initiative, has deployed a novel idea to help reach the target through selling silver coins with Prime Minister Narendra Modi's face on it. "We want to create funds and the awareness for the 'Statue of Unity'.